Re: China’s Military Spending in 2012: 670 billion Yuan, $106 billion
In US$, it increases by about $19B or about the size of Australian Defense budget.
Remember China' defense budget doesn't include (unlike the US)
* Foreign weapon procurement
* Weapon development (R &D)
* Pension
* Lawyer cost
*etc
And also considering the value 1US$ in the US and the value of 6 yuan (~1US$) in China are hugely different. In China you could get a reasonably good meal for 6 yuan; ... but in US ... 1US$ you get nothing
it does not include: Foreign weapon procurement, R&D, Second Arty budget(not sure for this one), nuclear weapons(has been maintained constantly at 5 percent of overall defense expenditure in modern times, at least through 2004).
Anyway domestic security spending exceeds again military budget
China will increase spending on police and other arms of "public security" by 11.5 percent to $111 billion this year, according to figures released on Monday that showed outlays on domestic law and order again exceeded the defense budget.
The numbers show how vigilant China's ruling Communist Party is against unrest, despite robust economic growth and years of budget rises for law-and-order agencies, which pushed outlays on them past military outlays for the first time in 2010.
The rise in China's budget for police, state security, armed militia, courts and jails and other items of "public security" was unveiled in the Ministry of Finance's report issued at the start of the annual parliamentary session.
For 2012, China set combined central and local government spending on "public security" to 701.8 billion yuan ($111.4 billion), compared with 629.3 billion yuan in 2011, when it grew by nearly 13.8 percent.
China will spend will boost defense spending by 11.2 percent this year to 670.3 billion yuan ($106.4 billion).